Can Obama Keep Union Support for GM Until Feds Bail Out?

Is General Motors on the recovery road? In July 2009, the “new GM” emerged from bankruptcy after a short 39 days. One-year later, it’s reporting impressive profits of $2.2 billion for first-half 2010….

Although collective bargaining agreements with the International Union and UAW don’t expire until September 2011, continued job cuts and replacement of union with nonunion labor could force union leadership to threaten walkouts at GM — even though the UAW had previously agreed in principal not to authorize any strike prior to 2015.

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Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.